Forking Bitcoin AND Ethereum, Will BITE Be The Terminator Of Forked Coins?Blockchain forks are all the rage, and there are at least 8 blockchains that split from bitcoin by way of a “hard fork”: BCH, BTG, BCD, B2X, SBTC, BCHC, BTX, LBTC. Except for BCH, others are more likely to be tools to make profits rather than solutions to Bitcoin’s flaws.
Still, there are multiple cryptocurrencies bearing the bitcoin name, including BTD, BTP, BitcoinGod, etc. Apparently, those mentioned above each have inevitable defects in terms of applications, techniques or functions.
As is known to all, bitcoin network can only process up to 7 transactions per second, and ethereum can do 30 transactions. What we really need is a split blockchain that upgrades technology and optimizes modules, enabling it to apply in different use cases.
And God said, Let there be light: and there was light — BitEthereum appears. BitEthereum (BITE) is the Bitcoin with higher speed, and the Ethereum with higher stabilities. Fixing the issue of the low speed of transferring and the inability of Bitcoin and Ethereum blockchain, BITE creates a well-developed ecosystem of crypto token assets.
Value Circulation + Asset Issuance and Management = BitEthereum
BITE is the first one to fork Bitcoin AND Ethereum.
BITE is the first split blockchain to have bilingual whitepapers (in English and in Chinese).
Furthermore, BITE will be the first to have its own app (client).
BITE has a wider user base than Bitcoin, and is as functional as Ethereum. Moreover, BITE makes several improvements towards the poor performance and the instability of Bitcoin and Ethereum.
In remarks, BitEthereum is designed to be an advanced and easy-to-use payment system with functions of transferring, value circulation, crypto token assets issuing and managing. BITE team will continue to explore more use cases to fulfill the market demands upon crypto token assets, building a light, fast and efficient blockchain payment network and a reliable and easy-to-use asset issuing platform.
BITE produces a block in 3 seconds, and the average time of transaction confirmation is within 1.5s. With the processing speed of 3,300 transactions per second, BITE performs much more better than Bitcoin and Ethereum.
Meanwhile, BITE offers a token asset issuance platform which is strong and easy-to-use, efficiently avoiding the frequently occurring problems of loopholes in Ethereum smart contracts. Users can issue their own customized assets without programming knowledges.
Last but not least…
BitEthereum team has finished the snapshots of BTC and ETH at 00:00 on Dec 21st, 2017 (GMT+8). Holders of BTC/ETH will be able to claim BITE tokens in BitEthereum wallet by submitting the signature of their BTC/ETH address.
The deadline of claiming BITE: 2018/4/2 00:00 GMT+8.
For more information, please refer to the official website of BITE:
https://bitethereum.io/ , or join the telegram group: t.me/BITEOfficial .